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13 July, 15:13

find the value of a 10 year old car if the purchase price was 25000 and it depreciates at a rate of 15% per year

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  1. 13 July, 15:25
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    Step-by-step explanation:

    value of car=25,000 (1-0.15) ^{10}

    =25,000 (0.85) ^{10}

    ≈ 4921.86 $
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